Networking equipment maker Cisco has agreed to acquire Skyport Systems, a US-based hyperconverged infrastructure technology provider that is also one of its portfolio companies, it said on Wednesday.
Cisco did not disclose how much it would pay for Skyport, which has raised $67m in venture capital from an investor base that also includes GV and Intel Capital, respective subsidiaries of internet and technology group Alphabet and semiconductor producer Intel.
Skyport has developed a hyperconverged system that streamlines the creation, management and security of data centres. Post-acquisition, it would become part of Cisco’s Data Center – Computing Systems Product Group division.
Cisco’s corporate venturing unit, Cisco Investments, took part in Skyport’s $30m series C round in early 2016 alongside GV, Intel Capital, Thomvest Ventures, Northgate Capital, InstantScale, Index Ventures and Sutter Hill Ventures.
The series C round valued Skyport at $245m. Intel Capital, Index Ventures and existing backer Sutter Hill had previously participated in the company’s $30m series B round the year before.